Montana Company Revokes $2.3M in Shares Given to CEO

BILLINGS, Mont. (AP) — Stillwater Mining Co. is revoking $2.3 million worth of company stock awarded to its chief executive after a lawsuit challenged the compensation as excessive.

The move was detailed in a Wednesday filing with securities regulators. It comes as the precious-metals mining company tries to fend off a corporate takeover attempt by a group including former Gov. Brian Schweitzer.